Analyst sets Bitcoin price target ahead of October’s FOMC

Ahead of the October 28, 2026, Federal Open Market Committee (FOMC) meeting, crypto analyst Ali Martinez has set bold targets for Bitcoin ( BTC ). Martinez noted on Wednesday that BTC’s UTXO Realized Price Distribution (URPD), an on-chain metric that shows the amount of a crypto that last moved within specific price ranges, hence revealing where investors acquired their coins, shows that Bitcoin’s price has a key support level at about $81,000. Furthermore, the analyst noted that almost 1 million BTC traded at this liquidity level. He highlighted that for Bitcoin price to resume its bull run, it must consistently close above $84,500. If BTC reclaims $84,500, Martinez has set the next target at $92,000. “To turn bullish, Bitcoin needs to clear $84,500, where roughly 620,000 BTC traded.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Finbold.